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Synopsis

Family businesses make up 75 per cent of all British companies according to a survey by Stoy Hayward. This text is intended as a guide for those involved in family business, or those contemplating joining one, to help them identify and resolve the family-related issues that are potentially so destructive. It examines: succession problems and relinquishing control; the role of outside advisers within a close family system; emotional factors and conflict between family members, sibling rivalry; the role of family lawyers; and the process of planning a family strategic plan.